Before government approves a merger, what must the companies prove the merger would do?
(A) Lower costs and consumer prices or lead to a better product.
(B) Be beneficial by creating an artificial monopoly.
(C) Be good for certain consumers but not others.
(D) Actually raise the number of competitors in the market.
Ans: (A) Lower costs and consumer prices or lead to a better product.
Economics
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If the Fed buys a $100,000 government security from a bank when the desired reserve ratio is 10 percent and the currency drain ratio is 50 percent, the bank can loan a maximum of
A) $90,000. B) $100,000. C) $60,000. D) $40,000. E) $50,000.
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A bureau's total output is decided at the same time as its budget just as in the private sector
a. True b. False
Economics